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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Lots of costs to consider:
(1) opportunity cost of money invested in down payment that could be invested elsewhere
(2) monthly mortgage + utilities
(3) property taxes
(4) maintenance and repair
(5) cost of any months not occupied (summer) or subletting hassles/damages
(6) Selling costs (broker fee, etc)

And finally the (not so subtle) pressure on your younger child to attend that is evident from your post.
[/quote]
This is a good list of costs. But what many posters are missing is that this isn’t a real estate investment. It’s a comparison against the cost of paying dorm fees and required meal plans. If the monthly costs for a place (mortgage + expenses) is significantly less than the costs for a dorm, then you can take a hit on resale and still come out ahead. Also, there could be income from renting a room to another student.

I looked into for my oldest and the reason I decided against it was that most of the housing available was older 1950s home that needed serious maintenance (I wasn’t going to be able to let it be as is.) The one condo building was a possibility (1970s), but there were lots of reports of cockroaches (urban area) and I didn’t want DC bringing insects home.[/quote]

You forgot the biggest factor, the risk of losing on a large investment. Market goes south and you’re screwed. Water heater breaks, a party gets out of control and you’re not breaking even. [/quote]

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